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Top News & Analysis North Carolina

  • CHAPEL HILL, N.C. _ Cempra Inc. on Wednesday reported a loss of $12.3 million in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share. Seven analysts surveyed by Zacks expected $3.4 million.

  • DURHAM, N.C.— The malware entered the North Carolina transmission plant's computer network via email last August, just as the criminals wanted, spreading like a virus and threatening to lock up the production line until the company paid a ransom. AW North Carolina stood to lose $270,000 in revenue, plus wages for idled employees, for every hour the factory wasn't...

  • WINSTON-SALEM, N.C. _ Primo Water Corp. on Tuesday reported a second-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier. For the current quarter ending in October, Primo Water said it expects revenue in the range of $76.3 million to $79.3 million. Primo Water shares have decreased 2 percent since the beginning of the year.

  • CHARLOTTE, N.C. _ Coca-Cola Bottling Co. on Tuesday reported second-quarter earnings of $6.3 million. The Charlotte, North Carolina- based company said it had net income of 68 cents per share. The Coca-Cola bottler posted revenue of $1.17 billion in the period.

  • NEW YORK, Aug 8- Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management companies, a person familiar with the matter told Reuters. The recent purchase by Global Bankers a $3.5- billion, Durham, North Carolina- based subsidiary of conglomerate Eli Global LLC was bound by a...

  • CHARLOTTE, N.C. _ Snyder's-Lance Inc. on Tuesday reported second-quarter net income of $4.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Three analysts surveyed by Zacks expected $566.9 million.

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Tuesday reported second-quarter net income of $87.8 million. Sealed Air expects full-year earnings in the range of $1.75 to $1.80 per share, with revenue expected to be $4.3 billion. Sealed Air shares have declined slightly more than 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 11...

  • The video game tournaments are known as esports and are a rapidly growing industry around the world, with industry reports saying they generated $500 million last year and soon could be a $1.5 billion industry. Associated Press. Caesars Entertainment was first in the nation to adopt skill-based slot machines to woo millennials in Atlantic City, but bailed on...

  • CHARLOTTE, N.C. _ Capitala Finance Corp. on Monday reported a second-quarter loss of $5.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Four analysts surveyed by Zacks expected $15.1 million.

  • CHARLOTTE, N.C. _ Albemarle Corp. on Monday reported second-quarter net income of $103.3 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Five analysts surveyed by Zacks expected $740.6 million.

  • RALEIGH, N.C. _ PRA Health Sciences Inc. on Monday reported second-quarter profit of $29.5 million. PRA Health Sciences expects full-year earnings in the range of $3.11 to $3.20 per share, with revenue in the range of $1.83 billion to $1.86 billion. PRA Health Sciences shares have increased 35 percent since the beginning of the year.

  • NEW YORK, Aug 7- A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services. Wells Fargo Merchant Services, a joint venture between Wells Fargo Bank and payment processor First Data Corp, helps process...

  • DURHAM, N.C. _ Chimerix Inc. on Monday reported a loss of $16.7 million in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share. Three analysts surveyed by Zacks expected $1.3 million.

  • CARY, N.C. _ Ply Gem Holdings Inc. on Monday reported second-quarter net income of $29.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Ply Gem shares have increased 6.5 percent since the beginning of the year.

  • DURHAM, N.C. _ BioCryst Pharmaceuticals Inc. on Monday reported a loss of $16.9 million in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Four analysts surveyed by Zacks expected $5.4 million.

  • More than 250,000 glitter iPhone cases are being recalled because glitter can leak, causing skin irritation and burns. Other recalled consumer products include children's building sets with a magnet hazard and charcoal grills with flammable paint. They were sold at Amazon, Henri Bendel, MixBin, Nordstrom Rack, Tory Burch and Victoria's Secret stores...

  • NEW HAVEN, Conn.— A Nigerian citizen has been arrested in a phishing scheme that targeted school districts in Connecticut and Minnesota in an effort to get employees' personal information and file bogus tax returns, federal authorities said Friday. A federal magistrate judge ordered him detained and transferred to Connecticut. Officials said the Internal...

  • CHAPEL HILL, N.C. _ Investors Title Co. on Friday reported second-quarter profit of $5.7 million. Investors Title shares have climbed 11 percent since the beginning of the year. Keywords: Investors Title, Earnings Report.

  • MOORESVILLE, N.C.— The North Carolina- based Lowe's has announced a further reduction in jobs. Earlier this summer, Lowe's laid off around 125 corporate tech workers, mostly at its Mooresville headquarters. Lowe's also eliminated 96 corporate tech jobs in October, then cut 2,400 full-time, mostly store-level jobs.

  • CHARLOTTE, N.C. _ SPX Corp. on Thursday reported a loss of $9 million in its second quarter. The Charlotte, North Carolina- based company said it had a loss of 21 cents per share. SPX expects full-year earnings in the range of $1.65 to $1.75 per share.